November 14, 2022 – Mark Heidecke of Horvath & Tremblay has successfully completed the sale of the Jimmy John’s in Marion, Indiana. Horvath & Tremblay exclusively represented the buyer to complete the transaction at a sale price of $450,000.
Jimmy John’s is located at 1610 West Kem Road in Marion, Indiana. The Property was constructed in 2011 and is comprised of a 2,040 square foot single tenant building on a 0.46-acre lot. The Property features an attractive brick construction with an outdoor seating area, ample parking, and a drive-up window. The Property benefits from excellent visibility, frontage, and signage and has three points of access. Jimmy John’s has occupied the Property since 2016 and recently exercised their first renewal option demonstrating their commitment to the site and the market. Jimmy John’s has 3+ years remaining on their lease with two (2), 5-year renewal options remaining. The lease features attractive 5% rent increases at the start of each of the 5-year renewal options. Jimmy John’s is located at the signalized intersection of W Kem Road and N Park Avenue. The Property is seconds from Needler’s Fresh Market and Ruler Foods, two of the area’s primary grocers and is 0.3-miles from the heavily trafficked intersection of N Baldwin Avenue and N Wabash Avenue. The immediate area is home to numerous national retailers and restaurants, as well as large residential communities driving traffic to the area.
Horvath & Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in the United States. Our advisors specialize in the sale of single tenant net-lease assets and retail shopping centers. They have experience successfully structuring sale lease-back programs, portfolio dispositions, and 1031 exchanges. Horvath & Tremblay is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.